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eProcurement & Procure-to-Pay Resources

Introducing Diverse Marketplace from ConnXus, Powered by BuyerQuest

Posted by BuyerQuest on May 1, 2018 at 9:20 AM
In 2016, Inc. Magazine noted in their article, “Why Supplier Diversity is Good for Everyone” the value that companies receive as a result of an expanded supplier network including companies, “owned by veterans, women, people with disabilities, or others who have historically been underrepresented in the world of suppliers.” The article notes that having a diverse supplier network allows...
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eProcurement and the role of PunchOut Sites (Part 2)

Posted by Dan Utyuzh on February 21, 2017 at 8:00 AM
  In Part I of this series on the role of PunchOut sites within the eProcurement context, we talked about the many reasons why suppliers embrace and prefer an organizational eProcurement strategy that is heavily reliant on PunchOut sites.  This makes sense insofar as these PunchOut sites drive higher revenue and margins for the supplier, and an upselling opportunity at check-out  that they fully...
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eProcurement and the Role of Punchout Sites

Posted by Dan Utyuzh on December 20, 2016 at 2:00 PM
In the early days of eProcurement, the only type of catalogs were ‘static catalogs’. With static catalogs, suppliers would send a MS Excel (.xls) or .csv file to their customer. The customer would manipulate, format, and eventually load the static catalog into their respective eProcurement system. At this time, the ERP solutions (and Ariba) were really the only solutions that supported internal...
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Empower Your Business Buyer & Perfect Supplier Financing

Posted by Eric Lynch on June 9, 2016 at 1:00 PM
When it comes to Procure-to-Pay (P2P), buyers and suppliers go hand-in-hand; one cannot prosper without the other. Here at BuyerQuest, we partnered with Taulia—a financial supply chain company—to create a truly seamless P2P experience from start to finish. Taulia’s full suite includes supplier self-services, eInvoicing, supplier information management, dynamic discounting, supplier financing, and...
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10 Best Practices for Strong Supplier Enablement

Posted by Dan Utyuzh on March 22, 2016 at 2:00 PM
There’s no denying your procurement engine will quit without a well-oiled supplier machine. To keep operations running smoothly, it’s crucial to keep suppliers happy and cost-effective. However, most organizations don’t have a formal strategy in place for supplier enablement. Our customers often ask us: What's the best strategy for enabling suppliers? How do we get started? What are the right...
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